Goodyear, Ottawa and Ontario announce $575M expansion of Napanee, Ont., tire plant

Goodyear Canada is set to invest more than half a billion dollars to expand its tire plant in southeastern Ontario, with the goal of making the plant net-zero in less than two decades.

The company's CEO was joined by Prime Minister Justin Trudeau and Ontario Premier Doug Ford on Monday morning to announce the $575 million investment in the Napanee, Ont., plant. The federal government is contributing up to $44.3 million to the project, while the provincial government is putting up $20 million through Invest Ontario.

The expansion is expected to reduce emissions at the plant by 10 per cent by 2030 and to get the plant to net-zero by 2040, according to a news release.

The company also said the expansion will create 200 new manufacturing jobs by 2027 and «secure more than 1,000 jobs in Napanee,» said the news release.